BP faces 7-year offshore drilling ban

[Posteritatis]

Source: BBC News

A US Congressional committee has agreed measures that would ban BP from new offshore drilling for seven years.

The House committee on natural resources voted in favour of precluding companies with poor safety records from offshore oil exploration permits.

The proposed law does not name BP, but would apply to any company that has experienced 10 or more deaths in the last seven years.

The April explosion of BP's Deepwater Horizon rig killed 11 workers.

Read more: http://www.bbc.co.uk/news/business-10642556

[no limit]

1. That would be great, but this kind of bill will never get passed in this senate

they couldn't even get teh 75 million cap increased.

[obxhead]

2. Banning BP is not the answer.

The answer is proper regulation and safety inspections of the entire #!@$ing industry!

[Posteritatis]

4. Banning BP'd be icing on the answer cake, though. (nt)

[obxhead]

6. Maybe so, but the answer is not a spanking after they screw up.

Stop the problems before they go critical. Only firm and legitimate regulation and inspection will limit dangers in a meaningful way.

[izquierdista]

5. Getting rid of the worst offender

is a good first step.

[obxhead]

7. I disagree.

Get the hole in the gulf plugged.
Ban BP.
Media coverage evaporates.
The problem goes away.
It's never spoken of again by any politician.

Regulations and a solid enforcer MUST be achieved now while you can still smell the oil in the air. While my fury over this failure caused by Multiple corporations and deregulation is extreme and makes me want to chant ban, ban, ban, the logical side of my thinking says only if it stays at the front of the news cycle and in front of the politicians will anything meaningful come of it. This is not a chance to be wasted on getting some hard and realistic regulation of this very dangerous industry.

[RUMMYisFROSTED]

3. A committee?

:rofl: